Dynatrace, Inc. (NYSE:DT) Given Average Rating of “Moderate Buy” by Brokerages

Dynatrace, Inc. (NYSE:DT) has been given an average recommendation of “Moderate Buy” by the twenty-three brokerages that are presently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $63.35.

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Truist Financial raised their target price on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. UBS Group increased their price target on Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Wedbush reissued an “outperform” rating and set a $67.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. Finally, Stifel Nicolaus raised their target price on Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the completion of the transaction, the chief executive officer now directly owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James M. Benson sold 34,932 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the sale, the chief financial officer now owns 339,004 shares of the company’s stock, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 117,432 shares of company stock valued at $7,159,599. Insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Hedge funds have recently modified their holdings of the business. Versant Capital Management Inc raised its holdings in shares of Dynatrace by 308.8% in the first quarter. Versant Capital Management Inc now owns 7,903 shares of the company’s stock valued at $373,000 after buying an additional 5,970 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Dynatrace by 35.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company’s stock worth $46,000 after purchasing an additional 256 shares during the last quarter. California State Teachers Retirement System grew its position in Dynatrace by 0.5% in the 4th quarter. California State Teachers Retirement System now owns 395,384 shares of the company’s stock valued at $21,489,000 after buying an additional 2,039 shares during the last quarter. 111 Capital acquired a new position in Dynatrace in the 4th quarter valued at $587,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in Dynatrace by 26.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,885 shares of the company’s stock worth $755,000 after buying an additional 2,902 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Price Performance

NYSE DT opened at $41.99 on Friday. Dynatrace has a 1-year low of $39.42 and a 1-year high of $63.00. The company has a market cap of $12.57 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. The stock’s 50 day simple moving average is $54.75 and its 200-day simple moving average is $54.26.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.